Underdeveloping Nigeria through reregulation: Will community banks survive?

Hans Dieter Seibel

No 1994,2, Working Papers from University of Cologne, Development Research Center

Abstract: Regulating the financial system through restrictions on foreign exchange, interest rate controls and constraints imposed on financial institutions have been among the principal instruments of financial repression in low-income countries. In recent years, many have taken to deregulation, but mostly in response to donor persuasion and pressure rather than conviction. Unpopular political regimes have found it difficult to get over their initial hardship period which the restructuring of a whole economy and its financial system entails. The Nigerian Government, in a populist gesture, has just succumbed to the temptations of re-regulation. Commercial banks are hard hit. Small farmers and microentrepreneurs are among the first victims

Date: 1994
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/23662/1/19 ... al_re-regulation.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:uocaef:19942

Access Statistics for this paper

More papers in Working Papers from University of Cologne, Development Research Center Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().